Oppenheimer Remains a Hold on Match Group (MTCH)

In a report released yesterday, Jason Helfstein from Oppenheimer maintained a Hold rating on Match Group. The company’s shares closed yesterday at $38.00.

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Helfstein covers the Communication Services sector, focusing on stocks such as Netflix, Meta Platforms, and Alphabet Class C. According to TipRanks, Helfstein has an average return of -1.0% and a 42.89% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Match Group with a $40.70 average price target, representing a 7.11% upside. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $38.00 price target.

Based on Match Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $878.01 million and a net profit of $209.65 million. In comparison, last year the company earned a revenue of $860.18 million and had a net profit of $158.3 million

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTCH in relation to earlier this year.